Europe's largest carmaker, Volkswagen, announced it would cut as many as 50,000 jobs in its domestic market, Germany, by 2030, as its profit slid to its lowest level since 2016.
"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany," Volkswagen CEO Oliver Blume said in a letter to shareholders in the firm's annual report.
The 10-brand group had already struck
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